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When a company issues 29,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include
When a company issues 29,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include a: Multiple Choice Debit to Cash for $116,000. O Debit to Additional Paid-in Capital for $116,000. Credit to Additional Paid-in Capital for $1,044,000. O Credit to Common Stock for $1,160,000.
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